Betting On GCC Job Growth, Dubai-based Online Recruitment Startup Raises $3 million- Valutrics

Dubai-based online recruitment platform Bloovo has raised $3 million in its latest round of funding.

The funding round was led by Noble Partners. Other participants included ProCapita HR Consulting and Sulaiman Al-Rubaie from Kuwait; the Al Shafar, Al Serkal and Al Ghussain families from the UAE; and Mohamad Moosa Abdulrahman Investment Office from Oman.

With the latest investment, Bloovo—which was founded in 2016—seeks to strengthen its team and grab a larger market share, it said.

The company aims to grow across the MENA over the next 18 months and then move internationally eyeing investors from Asia, Europe, and the US, said Bloovo’s CEO and Founder Ahmad Khamis.

Bloovo is not the only recruitment platform betting on MENA job growth.

In April, London-based C5 Capital’s Bahrain-based ‘cloud fund’ for the Middle East and Africa said it is investing $2.5 million in the GCC digital recruitment platform, OneGCC.

The investment values OneGCC—a cloud-based platform that is aimed at nationalization of GCC jobs—at $10 million.

Last month, UAE-based Bayzat, which provides HR solutions through an online platform, raised $3 million from unnamed investors.

In the HR space, Bayzat helps companies automate HR admin work from data entry to managing employee records.

Companies that work with Bayzat include MacKenzie Jones, Deliveroo, Fetchr, MumzWorld, Al AlAlali, Manóushe Street, Bayut and Propertyfinder.ae.